Copy Trading Brokers Guide
Updated April 14, 2021
Copy Trading
Many traders use the popular feature copy trading when trading the financial markets.
Copy trading allows traders to benefit from the expertise of proffesional traders and copy their trades.
This allows for greater chance of profitable investment strategies, instead of investments that fall into losses.
The copy trading portfolio management software finds other investors and traders who have a good track record of profitability in their trades.
Traders are able to monitor the strategies of experts and implement the same trades facilitated by copy trading brokerage platforms.
Copy trading is mainly beneficial to traders who have less time to follow market trends and are interested in short term trading.
You can see the UK's Financial Conduct Authority defines copy trading here [Source].
Copy Trading History
Copy trading in financial markets was established in 2005 and then just specific algorithms were developed and used.
Now, developers share investment track records, giving other traders access to copy them.
Copy Trading and Mirror Trading Differences
Mirror trading and Copy Trading seem the same. They are both good examples of social trading. We outline the some of the differences below.
Institutional and Retail Clients
Mirror trader is an advanced trading platform which was originally available only to institutional clients. Institutional clients are organizations that trade securites and assets in huge volume.
Retail clients are not defined as professional by the Financial Conduct Authority and typically invest smaller amounts than institutional investors.
Trading Strategies
Mirror Trader trading strategies can be based on hundreds of thousands of professional traders. Mirror Trader offers more indepth Macro economic data which is why more advanced traders choose Mirror Trading over Copy Trading.
Copy Trading strategies that you follow are based on an individual traders strategy on the platform.
Trading Volumes
Retail investors usually trade in lots of 100 shares or assets but intuitional investors usually trading on behalf of clients or members buy shares and assets in at least blocks of 10,000. This is why Copy Trading is more suited to retail investors who will most like be trading in smaller volume.
How They Work
Traders on Copy Trading platforms set a percentage of deposited funds which are used to copy the trades of an individual trader, found on the Copy Trading platform. The Copy Trading platform takes over from there and will blindly copy the trades of the selected expert trader.
Mirror Trader platforms differ slightly in their approach to copying a trading strategy.
Traders are asked a few questions within the Mirror Trader platform like types of preferred trades and asset classes, financial markets risk tolerance, and investment goals. Mirror trader will then offer a selection of general strategies from a range top professional traders rather than absolute duplication of trades of a single individual trader as would be the case with Copy Trading.
Growth of Copy Trading
Copy trading was devised in 2005 with the aim of taking the Mirror Trading principles of copying trading strategies and making it more accessible to a wider range of smaller scale often beginner retail traders. Before Copy Trading the barrier to entry was high. Costs, time constraints and access to information was not available to all investors.
The growth of the internet and advancements in mobile and desktop technology meant that in 2005 and onwards there was a new market for Copy Trading as online trading platforms became more wide spread.
Before 2005 to following a professional traders investment strategies was expensive and not accessible to all.
Copy Trading VS Mirror Trading
We have summarized some Copy Trading and Mirror Trading differences in the table below so you can compare the two side by side.
Copy Trading |
Mirror Trading |
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| Aimed at | Small scale individual investors often beginners | Large scale organisations |
| Assets Traded | Most asset classes are available on Copy Trading platforms including Stocks, ETFs, Currency Pairs, Indices and Commodities. | Stock and Forex Markets although more common in Forex markets. |
| Trading Volume | 100 shares or other assets on average per trade | 10000 blocks of shares or other assets per trade |
| Capital needed | Small - depending on the broker and your country Currencies, commodities and indices can be traded with a minimum order size of $1000, ETFs $500, Stocks $50, and Cryptocurrencies $25. [Source] | Very Large - Hundreds of thousands if not millions of dollars depending on the asset. |
| Average number of traders copied | 2 | 100+ |
| Account monitoring | Easier due to fewer copied traders | It can be difficult to keep up with activity on a Mirror Trading account due to the volume of copied trades and amount of money going in and out of the account. |
| Trader Research | Easy - Copy trading platforms summarize copied traders portfolios, portfolios and trading histories. You can read updates and communicate with other traders. Its very easy on a Copy Trading platform to find traders with a high ROI. | The Mirror trader offers historical trade information but the platform offers no social interaction with other traders or strategy providers. |
| Best for | Beginners, Time constrained traders, Expert traders | Technically knowledgeable investors, Global Macro Investors, Expert traders with many years of experience. |
Why Copy Trading?
Copy trading allows copying positions of another trader and lately it has become more popular. There are several traders who create 'People-Based' portfolios to invest in other investors instead of trading themselves.
Here are some reasons worth discussing why copy trading is becoming popular:
Time Saving
Copy trading saves time compared to manually trading. Traders who have less time to devote in the financial market find it as a blessing.
Education
For beginners copy trading is the best way to learn. It helps in learning the strategies of expert traders. One can raise questions and read why certain trade was implemented.
Access to Global Markets
Traders have limitations. It is not possible to become an expert in all the markets in the world. With the help of copy trading software, you don't remain betrayed by any financial market. You get exposure to global markets and gain a global knowledge base as well.
Diversification
Diversification portfolio leads to less risk and copy trading is one of the best ways to do so. With it, you can copy trades of several investors and earn a handsome income month after month. Doing without tools is impossible and even an experienced trader recommends copying in today's financial scenario.
Copy Trading Risks
Market risk is the primary concern in copy trading as the price can change anytime. However, the loss can be protected by making use of an asset allocation strategy.
With asset allocation strategies the funds are diversified and allocated into several investment strategies.
Systematic Risk
Currencies of emerging markets are usually exposed to systematic risks.
Money may get locked up and traders may fail to exit the positions.
Market Liquidity with Copy Trading
Liquidity is another risk factor in copy trading.
With copy trading traders cannot leave their positions at certain expected levels. The copy trading algorithm will continue just as the expert trading did that the copy trade is mimicking
Historical precedence is followed and the maximum historical draw down of the expert trader is copied.
Copy Trading Advantages
With copy trading, traders find other investors and follow their investment strategies to make money.
This is perfect for those who are busy and have almost no time to monitor the markets personally.
The strategies of expert investors are used to generate revenue with copy trading. However, it is suggested not to blindly follow the strategies and risk real capital blindly.
Copy Trading Verdict
Copying trades of another trader is like benefiting from the performance of professional traders who have much more knowledge and experience than the average trader.
Copy trading is usually done automatically through well designed software tools used by brokerage trading platforms.
Some brokers even offer a manual copy trading action to execute the trades.
Be aware that copy trading carries risk as with any investment.
The three primary rules with copy trading are market risk, liquidity risk and systematic risk.
Best Way to Begin Copy Trading
Copy trading is one of the best ways to begin your career in the financial market. It helps in reducing risks and magnifying profits.
The first thing to do if you are new to trading is to open multiple demo accounts with multiple regulated copy trading brokers. This will allow you to experience the varying broker platforms. With a demo account you trade with virtual money and lose nothing while learning and gaining experience of the market.
Once you are confident to trade with real money, as your broker to open a live account.
Copy trading benefits who are new to financial markets or want to minimize losses by mimicking someone else’s trade.
The knowledge and experience of expert traders are utilized to increase the probability of making a profit.
Most modern brokerages offer copy trading to clients through specific investment tools on their trading platforms. Copy trading tools are transparent and open. Historical trading records of experts can be analysed and usually low risk investment strategies are followed with copy trades.
Copy Trading And Other Fintech Statistics
In 2015 data showed that over 190 million Euro of total traded assets were traded with the use of copy trading, according to data from the Publications Office of the European Union [Source].
A March 2021 report from the European Central Bank on financial integration and structure in the Euro area highlights that 20% of all fintech entities in the EU are comprised of Copy Trading platforms, Robo-advise, Personal financial management and trading platforms. Data from the European Central Bank shows this is up on previous years. [Source]
Trading Histories of Available Traders
Verify the account and find traders by clicking on the ‘Copy People’ tab. Some traders will be featured here while you can find others from the search option.
The screen shot from copy trading broker eToro below shows you how copy trading brokers allow you to view summary profiles of expert traders based on attributes such as Editors Choice, Top Investors, Trending, Most Copied, Lower risk score and Medium risk score.
You can filter traders by country, what type of market they invest in currencies, indices, stocks, ETFs, Crypto for example. Most copy trading platforms also allow you to filter to show traders by percentage of gains over a set period.
Copy trading trader profiles can be further refined with the advanced search filter. Filter traders by time period, profile, social, performance, risk, portfolio and activity. We list these features below :
- Time period
- Status
- Country
- Name & Picture
- Copiers
- Copiers Change
- Copy AUM
- Profitable Months
- Profitable Trades
- Risk Score
- Daily Drawdown
- Weekly Drawdown
- Allocation
- Average Trade Size
- Active Weeks
- Trades
Once you click through to a trader profile you will be able to see that trader's historical performance and statistics in more detail.
Copy trading platforms allow you to check how many followers and copiers each trader has. You can view the top traded assets of that trader with live feed price data.
You can read updates and send messages and exchange notes as part of a community with copy trading platforms.
You can see the number of total trades and the percentage of trades that were profitable. The trading is broken down into percentage of stocks, currencies, indices, crypto, ETFs, Commodities.
Additional stats include number of trades per week, average holding time, date trader has been active since, and number of profitable weeks.
After you find traders that match your investment strategy you will need to fund your account to begin trading. Your account will thereafter automatically copy trades of your chosen trader.
It is important to note here that not all the traders earn money by copy trading. Copy trading is not risk free as with any investment.
Copy Trading Research
Copy trading is not perfect and you should be aware of the risks before trading.
A study published on the Harvard.edu website reveals people are risk-averse during gains and risk-seeking during losses.
This is called the reflection effect and proves that traders are more sensitive to losses compared to gains. The journal has compiled the research into a thesis called 'Prospect Theory' [Source].
Another study by Barcelona GSE Graduate School of Economics suggests copy trading provides an institutionalized framework for imitation, which may cause traders to undertake increased risk when copying trader then they would if they had traded on their own.
Traders should be aware high returns can sometimes result in high losses [Source].
Copy trading is a great addition to a traders investment strategy, but make sure you pick a well regulated copy trading broker and trading platform.
Read this bulletin from the US Securities and Exchange Commission updated April 03 2019 [Source].
We've collected thousands of datapoints and written a guide to help you find the best Copy Trading for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Copy Trading Brokers below. You can go straight to the broker list here.
Reputable Copy Trading Brokers Checklist
There are a number of important factors to consider when picking an online Copy Trading Brokers trading brokerage.
- Check your Copy Trading Brokers broker has a history of at least 2 years.
- Check your Copy Trading Brokers broker has a reasonable sized customer support of at least 15.
- Does the Copy Trading Brokers broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Copy Trading Brokers broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Copy Trading Brokers broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Copy Trading Brokers can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Copy Trading Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Copy Trading Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Copy Trading Brokers of 2021 compared
Here are the top Copy Trading Brokers.
Compare Copy Trading Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Copy Trading Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Copy Trading Brokers that accept Copy Trading Brokers clients
| Broker |
eToro
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IC Markets
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AvaTrade
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Pepperstone
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FXPrimus
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Axitrader
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Swissquote
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forexmart
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phoenixmarkets
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ezinvest
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ETX Capital
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| Rating | |||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) |
| Min Deposit | 200 | 200 | 250 | 200 | 100 | No minimum deposit | 1000 | 1 | 500 | 500 | 100 |
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| Used By | 20,000,000+ | 180,000+ | 200,000+ | 10,000+ | 10,000+ | 10,000+ | 300,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4,WEB,desktop | MT4,mac,Android.iPhone/iPad | MT4,mac,Android.iPhone/iPad | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps |
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| Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with avatrade |
Sign
Up with pepperstone |
Sign
Up with fxprimus |
Sign
Up with axitrader |
Sign
Up with swissquote |
Sign
Up with forexmart |
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Up with phoenixmarkets |
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Up with ezinvest |
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Up with etxcapital |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
| Demo |
eToro Demo |
IC Markets Demo |
AvaTrade Demo |
Pepperstone Demo |
FXPrimus Demo |
Axitrader Demo |
Swissquote Demo |
ForexMart Demo |
Phoenix Markets Demo |
EZINVEST Demo |
ETX Capital Demo |
| Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | BE, BR, KP, NZ, TR, US, CA, SG | BR, KR, IR, IQ, SY, JP, US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, JP | US | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL | US, BE, CA , SG, BE |
All Copy Trading Brokers in more detail
You can compare Copy Trading Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Copy Trading Brokers for 2021 article further below. You can see it now by clicking here
We have listed top Copy Trading Brokers below.
Copy Trading Brokers Table of Contents
- Copy Trading Brokers Explained
- 6 Factors to Consider when Choosing Copy Trading Brokers
- Are Your Copy Trading Brokers Trusted And Established?
- Are The Copy Trading Brokers World Leading?
- What are the Copy Trading Brokers Commissions and Fees?
- What are the Copy Trading Brokers Funding and Withdrawl Methods?
- Find Copy Trading Brokers with Round-the-clock support?
- Make sure the Copy Trading Brokers Offer Comprehensive Trader resources?
- Why do Copy Trading Brokers need to be regulated?
- Copy Trading Brokers FAQ
- What are the best Copy Trading Brokers brokers?
- What is the best Copy Trading B broker?
- Related Copy Trading Brokers Reviews
- Related Copy Trading Brokers Alternatives
- Related Copy Trading Brokers Comparisons
Copy Trading Brokers Explained
Trading the financial markets with Copy Trading Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Copy Trading Brokers is the platform that a Copy Trading Brokers offer.
Choose Copy Trading Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Copy Trading Brokers that you can rely on.
6 Factors to Consider when Choosing Copy Trading Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Copy Trading Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Copy Trading broker is eToro. Established in 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
Another top rated broker is IC Markets.
IC Markets was established 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
| Broker |
eToro
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IC Markets
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AvaTrade
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Pepperstone
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FXPrimus
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Axitrader
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| Year Established | 2007 | 2007 | 2006 | 2010 | 2009 | 2007 |
| Head Office | Cyprus, UK | Australia | The British Virgin Islands | Australia | Cyprus | Australia |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) |
| Used By | 20,000,000+ | 180,000+ | 200,000+ | 10,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | No | Yes | No | No |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit eToro | Visit IC Markets | Visit AvaTrade | Visit Pepperstone | Visit FXPrimus | Visit Axitrader |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | Losses can exceed deposits |
Are The Copy Trading Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 2000 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Copy Trading Brokers is IC Markets . IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
eToro
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IC Markets
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AvaTrade
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Pepperstone
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FXPrimus
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Axitrader
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| Instruments Available | 2000 | 232 | 1000 | 100 | 130 | 100 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps |
| Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | US | BE, BR, KP, NZ, TR, US, CA, SG | BR, KR, IR, IQ, SY, JP,US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR,US, AU, SY, DZ, JP, EC. | US, JP |
| Forex pairs offered | 50 | 65 | 80 | 70 | 45 | 100 |
| Forex pairs offered | 50 | 65 | 80 | 70 | 45 | 100 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | Yes | No | Yes |
| Commodities Offered | 31 | 19 | 16 | 16 | 0 | 20 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | No | No | Yes |
| Stocks Offered | 2042 | 110 | 99 | 60 | 60 | 1000 |
| UK Shares | Yes | No | Yes | No | Yes | Yes |
| US Shares | Yes | Yes | Yes | No | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | No | Yes |
| Japanese Shares | Yes | Yes | Yes | No | No | Yes |
What are the Copy Trading Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Copy Trading broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). eToro minimum deposit is 200.
Another top rated Copy Trading broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
eToro
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IC Markets
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AvaTrade
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Pepperstone
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FXPrimus
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Axitrader
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| Min Deposit | 200 | 200 | 250 | 200 | 100 | 0 |
| Withdrawl Fees | Yes | No | No | No | Varies | Varies |
| Inactivity Fees | Yes | No | No | Yes | No | No |
| Deposit Fees | No | Varies | No | No | Varies | Varies |
| CFD Commission Fees | No | Yes | No | Yes | No | Yes |
What are the Copy Trading Brokers Funding and Withdrawal Methods?
When dealing with Copy Trading Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
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IC Markets
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AvaTrade
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Pepperstone
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FXPrimus
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Axitrader
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| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | No | No |
| Skrill | Yes | Yes | No | Yes | No | No |
| Payoneer | No | No | Yes | Yes | Yes | Yes |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes |
Find Copy Trading Brokers with Round-the-clock support?
Customer service is very important when dealing with Copy Trading Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Copy Trading Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, Italian
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
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IC Markets
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AvaTrade
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Pepperstone
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FXPrimus
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Axitrader
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| Support |
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| Languages | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian | English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic |
| Learn More | Visit eToro | Visit IC Markets | Visit AvaTrade | Visit Pepperstone | Visit FXPrimus | Visit Axitrader |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | Losses can exceed deposits |
Make sure the Copy Trading Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and IC Markets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Copy Trading Brokers need to be regulated?
A regulated Copy Trading broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Copy Trading brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Copy Trading Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,WEB,desktopCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,mac,Android.iPhone/iPadCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,mac,Android.iPhone/iPadCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account